FX VOICE: The ringgit's spectacular rise

The Malaysian ringgit shot up to a 21-month high against the dollar on the back of the election victory of the incumbent Barison Nasional (BN) party. What does the rally mean for Malaysia and its currency? CT asks the experts.

By Daniel Flatt

May 13, 2013

linkedin facebook twitter

Dariusz Kowalczyk, economist, Credit Agricole CIB:
Following the electoral victory of the incumbent government, the ringgit surged against the US dollar. Last week, the exchange rate broke US$/MYR 3 for the first time since March 2012 and reached the strongest level since August 2011. While the currency subsequently corrected, the rate remains low.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Funding & Investment Cash & Liquidity Treasury Sustainability Themes